Verb Technology (NASDAQ:VERB) Price Target Raised to $2.75 at Alliance Global Partners

Verb Technology (NASDAQ:VERB) had its price objective hoisted by Alliance Global Partners from $2.00 to $2.75 in a research report report published on Wednesday morning, The Fly reports. They currently have a buy rating on the stock.

Separately, LADENBURG THALM/SH SH began coverage on Verb Technology in a research note on Monday, December 14th. They issued a buy rating for the company.

VERB stock traded down $0.10 during mid-day trading on Wednesday, reaching $1.90. 26,699 shares of the company traded hands, compared to its average volume of 1,242,312. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market capitalization of $88.72 million, a P/E ratio of -2.44 and a beta of 1.21. Verb Technology has a 52-week low of $0.90 and a 52-week high of $2.64. The company has a fifty day moving average price of $1.55 and a 200-day moving average price of $1.27.

Verb Technology (NASDAQ:VERB) last issued its quarterly earnings data on Sunday, November 15th. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.10). Verb Technology had a negative return on equity of 131.68% and a negative net margin of 153.77%. The business had revenue of $2.86 million for the quarter.

Hedge funds have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in Verb Technology in the third quarter valued at approximately $43,000. BlackRock Inc. raised its holdings in shares of Verb Technology by 18.4% during the third quarter. BlackRock Inc. now owns 77,980 shares of the company’s stock valued at $84,000 after acquiring an additional 12,095 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Verb Technology by 737.5% during the third quarter. Morgan Stanley now owns 80,409 shares of the company’s stock valued at $87,000 after acquiring an additional 70,808 shares in the last quarter. Hedge funds and other institutional investors own 1.40% of the company’s stock.

About Verb Technology

Verb Technology Company, Inc develops Software-as-a-Service applications platform. It offers verb Customer Relationship Management (CRM) application; verbLEARN, a Learning Management System application that incorporates clickable in-video technology featured in its verbCRM application; and verbLIVE, a Live Broadcast Video Webinar application.

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